Mercedes to Pause EV Exports to the US as Company Profits Tumble
German automaker Mercedes-Benz is pausing electric vehicle exports to the U.S. market in the wake of weak Q2 financial results. The automotive brand reports that despite enjoying “robust free cash flow” in the just-concluded quarter, its net profit in the first half of 2025 fell from $6.7 billion to $3 billion, a massive 56% drop in net profits compared to Q2 2024. With the Trump administration levying a 25% tariff on all vehicles imported into the country from Europe, Mercedes-Benz is having a hard time selling its battery electric vehicles (BEVs) in the U.S. market. Although the automaker’s recent earnings…